The embattled Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, has finally broken the silence and replied to allegations of financial recklessness levelled against him by the Presidency and the Financial Reporting Council of Nigeria.
Sanusi has issued a multi-page statement in the morning of March 16, 2014, Sunday. He denied any wrongdoing, said he had already sent a detailed response to the Presidency.
See the full press statement below:
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I am compelled to make this public statement to address the various allegations levied against the Central Bank of Nigeria (CBN) and cited as the reasons for my suspension from office as the Governor of the CBN on the 19th of February 2014.
As a matter of record, the allegations were made in the following documents:
i. Briefing Note of the Financial Reporting Council of Nigeria (FRCN) dated 7th June 2013, Ref: PRES/188/T&I/89 to His Excellency, President Goodluck Ebele Jonathan [the Briefing Note];
ii. The Letter of Suspension dated 19th February 2014, which I received from the Office of the Secretary to the Government of the Federation; and
iii. The petition dated 9th February 2014 by Mr Erastus Akingbola.
However, before I go into the above issues, let me reiterate for the records, the achievements of the CBN during my tenure as the Governor:
The Record
Firstly, let me state that I have been extremely fortunate to have had a solid and supportive team led by the Deputy Governors and supported by the Departmental Directors, as well as thousands of hardworking and dedicated staff who must be given the credit for all that the CBN has achieved. I would also like to acknowledge for the record, the foundation laid by my predecessor, Professor Charles Chukwuma Soludo, in a number of areas. The CBN Act, 2007, which he championed, established the CBN as a truly autonomous entity of the Federation, and made it possible for us to take the difficult decisions necessary for restoring and maintaining macroeconomic stability. The FSS 2020 and PSV 2020 documents provided the principal strategic roadmaps that led to many of the innovations in payment systems, non-interest banking, financial inclusion, the Asset Management Corporation, IFRS, Risk-based Supervision, and the like.More
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Sanusi has issued a multi-page statement in the morning of March 16, 2014, Sunday. He denied any wrongdoing, said he had already sent a detailed response to the Presidency.
See the full press statement below:
I am compelled to make this public statement to address the various allegations levied against the Central Bank of Nigeria (CBN) and cited as the reasons for my suspension from office as the Governor of the CBN on the 19th of February 2014.
As a matter of record, the allegations were made in the following documents:
i. Briefing Note of the Financial Reporting Council of Nigeria (FRCN) dated 7th June 2013, Ref: PRES/188/T&I/89 to His Excellency, President Goodluck Ebele Jonathan [the Briefing Note];
ii. The Letter of Suspension dated 19th February 2014, which I received from the Office of the Secretary to the Government of the Federation; and
iii. The petition dated 9th February 2014 by Mr Erastus Akingbola.
However, before I go into the above issues, let me reiterate for the records, the achievements of the CBN during my tenure as the Governor:
The Record
Firstly, let me state that I have been extremely fortunate to have had a solid and supportive team led by the Deputy Governors and supported by the Departmental Directors, as well as thousands of hardworking and dedicated staff who must be given the credit for all that the CBN has achieved. I would also like to acknowledge for the record, the foundation laid by my predecessor, Professor Charles Chukwuma Soludo, in a number of areas. The CBN Act, 2007, which he championed, established the CBN as a truly autonomous entity of the Federation, and made it possible for us to take the difficult decisions necessary for restoring and maintaining macroeconomic stability. The FSS 2020 and PSV 2020 documents provided the principal strategic roadmaps that led to many of the innovations in payment systems, non-interest banking, financial inclusion, the Asset Management Corporation, IFRS, Risk-based Supervision, and the like.More
Follow GistaNaija on Twitter @GistaNaija and Facebook GistaNigeria
Weird Stories | Weight Loss & Fitness Tips |Small Business Guide | Infotech Arena Tech News
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